The Mangaluru police have arrested two persons from Kerala on charges of involving in a case of online investment fraud, in which a victim lost ₹77.96 lakh in 2024.

The police gave names of the arrested persons as Ummar Valiya, 41, and M.V. Riyaz, 45, both from of Kannur district in Kerala.

In a statement, the Cyber Economic and Narcotic Crime police said they went through the trail of transfer of funds and found that ₹26.27 lakh was transferred to a person based in West Bengal. From his account ₹6 lakh was transferred to the account of Valiya. Riyaz had asked the West Bengal man to transfer ₹6 lakh to Valiya’s account. By promising commission, Riyaz made Valiya to withdraw ₹6 lakh from his account and hand over the money to the former, the police said.

Arrested

The Panambur police arrested Umar Farooq, 32, of Kasba Bengre, and seized 1.72 grams of MDMA and a machete on Wednesday, January 15. The police said Farooq was found moving with the machete near the New Mangalore Port Authority’s Truck Yard.